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Ways and Means advances Korn Ferry recruiting contract after members press for fee and date clarifications
Summary
The committee approved moving the Korn Ferry professional services recruiting contract forward, after staff clarified a 30% standard fee is reduced to 20% for internal referrals, explained payment timing and agreed to adjust contract dates and counsel sign-off before payment is made.
The Wayne County Commission Committee on Ways and Means voted to advance a proposed one-year comparable-source professional services contract with Korn Ferry for executive recruiting after staff addressed member concerns about fees, timing and procurement.
Jeanette Colsar, chief of staff for Management and Budget, told the committee staff had answered follow-up questions from the prior meeting and that Korn Ferry’s standard placement fee is 30 percent of the professional fee. She said that fee is reduced to 20 percent when a county employee makes an internal referral of an external candidate, because the firm’s role in that case focuses more on vetting and placement than on sourcing.
Commissioner Wilson questioned whether the lower fee would apply if a…
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